Tuesday, July 26, 2016

Finest 1794 cents collection to be auctioned

The finest current collection of all 58 Sheldon-numbered 1794 cent varieties in private hands will be on display Aug. 9-14. at the American Numismatic Association Convention's World's Fair of Money in Anaheim, California (800 W. Katella Ave.) and to be auctioned at the September Long Beach Expo.

1794 Cent

The Long Beach Expo, Heritage Auctions will present the Jon Alan Boka 1794 Cent Collection, over half of the collection ranks in the top 10 for their respective variety.

"The Boka Collection is unrivaled amongst modern collectors, with fully 47 of his 58 coins ranking in the top 10 for their respective variety, and with 35 of those in the traditional Condition Census of the Top Six examples," said Mark Borckardt, Senior Numismatist at Heritage Auctions. "Nearly half of the collection — 23 of the 58 coins — are plated in one or more reference works on the early cents. Almost one-third of the collection, 19 coins, has a continuous provenance over the last century, while another 19 have a provenance of at least 50 years."

The collection features: The Chapman Discovery Coin for the famous Starred Reverse Cent, VF20; the Discovery Coin and still Finest Known 1794 S-19a Head of '93 Cent, VF35; the Finest Available 1794 S-34 Cent, VF30; the Finest Available 1794 S-35 Cent, VF35; the Third Finest 1794 S-37 cent, VF20; the Finest Known 1794 S-58 Cent, MS60 and the Finest Known 1794 S-66 Split Pole Cent, VF25.

Jon Alan "Al" Boka is a Trenton, NJ native and retired from the USAF. He is the former owner/director of the Las Vegas Marathon (1982-2004) and has been an avid runner for 30 years, compiling more than 65,000 miles, including 37 marathons; his best time in the marathon was 2:45:14.

Boka's collecting journey began with Lincoln cents the age of 9. About that time his uncle Harry showed him a cigar box full of large cents, which he had "found in his basement." Boka became fascinated by the large coppers at the time, but was not able to acquire one of his own for many years following. He finally purchased his first large cent in 1965, a very low grade middle date, in a coin shop in Amsterdam, Holland, while in the Air Force.

Boka has been a member of the Early American Coppers since 1973, member no. 406, the same year he acquired his first serious large cent, an 1820 N-13, from a coin shop in Wilmington, Delaware. From there he assembled a high-grade date set, which Heritage sold in September of 2011, featuring the various obverses of 1793 through 1857.

Borckardt, who also joined EAC in 1973, notes that the 1794 large cents were the second series to have a specialized die variety reference, published by Dr. Edward Maris in 1869, just one year after the famous Levick plate of 1793 cents that appeared in 1868.

With a special preference for the year 1794, Boka completed a set of all 58 collectible varieties in February 2009 after acquiring March Wells' S-56. Before then, at the 2004 EAC Convention in San Diego, CA, he created an exhibit of the collectible varieties of 1794 based on provenance rather than grade. He published a book and created a website (www.1794largecents.com) documenting the effort.

Source: Heritage Auction
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Tuesday, July 5, 2016

New €50 banknote design unveiled today

The European Central Bank (ECB) today unveiled the new €50 banknote, which will enter into circulation on 4 April 2017. The introduction of the new note marks the latest step in making euro banknotes even more secure.

After the €5, €10 and €20, the €50 is the fourth denomination in the second series of euro banknotes, known as the Europa series.

€50

“The introduction of the new €50 will make our currency even safer”, Yves Mersch, ECB Executive Board member, said. “Its state-of-the-art security features help protect our money."

"It is part of our continued efforts to preserve the euro as a stable currency, a currency that 338 million people across the euro area rely on day by day. The gradual launch of the new euro banknotes with new and enhanced features also underlines the Eurosystem’s commitment to cash as a trusted and efficient means of payment.”

The €50 is the most widely used euro banknote, accounting for 45% of all banknotes in circulation. There are more €50 banknotes in circulation than the €5, €10 and €20 together.

The number of €50 banknotes in circulation is also nearly the same as the total number of all denominations in circulation at the end of 2002, the year when euro banknotes and coins started to circulate.

The new €50 banknote includes a portrait window – a new and innovative feature first used on the Europa series €20. When the banknote is held up to the light, a transparent window near the top of the hologram reveals a portrait of Europa, a figure from Greek mythology, which is visible on both sides of the note. The same portrait also appears in the watermark.

The front of the banknote features an “emerald number”, a shiny number that, when tilted, changes colour from emerald green to deep blue and displays an effect of the light that moves up and down. These security features make it easy to check the new €50 for authenticity, using the “feel, look and tilt” method.

To help ensure that banknote handling machines and authentication devices throughout the euro area are ready in time for the new €50 banknote, the Eurosystem has launched a partnership programme. It involves more than 500 industrial partners across Europe and provides a wide range of educational tools and other resources related to the new banknote. More than 50 industrial partners also signed a memorandum of understanding on the adaptation of banknote equipment to the new €50 banknote on 15 June 2016 to underline their commitment to ensuring a smooth introduction of the new banknote.
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Thursday, June 30, 2016

Roman gold coins found in Kalkriese

Achrhaeologists discovered 8 Roman gold coins from the time of Caesar Augustus, during excavations in Kalkriese. Experts see this as evidence that Kalkriese could be the site of the legendary battle of the Teutoburg Forest.

gold coins

The discovered Roman gold coins on show at the Kalkriese museum park in Bramsche-Kalkriese, Germany.

The scientific director of the excavations, Salvatore Ortisi of the University of Osnabrück, said on Monday that extraordinary Fund confirm that the explored at Kalkriese battlefield from the time of Emperor Augustus (63 BC to 14 ad). In the historic battle of the Germans against the Romans, the troops of the Roman general Varus suffered a bloody defeat.

Kalkriese coin

The coins were minted around the time of Christ's birth in Lyon and presented at that time the equivalent of the annual income of an ordinary soldier is. Probably the gold coins stuck together in a purse that someone wanted to hide in greatest need.

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Tuesday, June 28, 2016

Numismatic News founder Chet Krause dies at age 92

Chester L. "Chet" Krause, Numismatic News founder and Krause Publications builder, died June 25 at age 92.

The first issue of what became a monthly and then weekly periodical was published Oct. 13, 1952. It originally sold for $2 a year. It helped revolutionize numismatics and changed his life. He went from rural carpenter/building contractor into a pioneering hobby publisher.

Chet Krause

Mr. Krause picked up on a need for ever increasing speed in numismatic business and communications, yet remained loyal to his hometown of Iola, Wis., which even now has a population of only 1,300.

It was this rural isolation, far from the urban areas that hosted coin shops and shows, that brought him to believe that many other collectors shared the same needs he had.

He was right. That single insight proved to be timely. It eventually became the basis of a large publishing business called Krause Publications serving collectors in many other fields beyond numismatics.

Mr. Krause was born six miles east of Iola, Dec. 16, 1923. He had five older brothers and sisters.

His schooling began in a one-room school house. It ended when he graduated from Iola High School in 1941.

He was drafted at the age of 19 and was inducted into the U.S. Army in February 1943.

His World War II military service as an auto mechanic in the 565th Anti-Aircraft Artillery Battalion put him in the 3rd Army generaled by George Patton.

Mr. Krause became a builder when he returned to Iola in 1946. He left that business in 1957 when publishing required his full-time attention.

Numismatic News grew with coin collecting to the highs of the roll and bag boom that peaked in 1964. He acquired a magazine in 1962 that he renamed Coins. The numismatic recession that hit in 1965 along with clad coinage nearly cost Mr. Krause the company.

He sold his coin collection to support the business. He founded a new title, Coin Prices, in 1967, but soon he reached beyond coin collectors and it was this diversification that set off a period of consistent growth.

In 1971 he founded, Old Cars, a paper for car collectors. His business vision took him into other collectible fields that ranged from sports cards and comic books to firearms, antiques and paper money.

If there was a collector of something, there was a need for a price guide. Mr. Krause compiled the Standard Catalog of World Coins first published in 1972 and it became the bedrock resource for the world's many coin collectors and dealers. Today, the Krause-Mishler catalog numbers named after him and his co-author, Clifford Mishler, are the basis of the world coin identification system.

By the 1980s, there were 150 book titles, many of them price guides, to go with the stable of periodicals.

In 1988 he created an Employee Stock Ownership Plan. By 1992 all his shares in the company had been transferred to it.

Even as his corporate role changed, he never lost interest in either the Iola community or in the community of collectors in the many fields served by Krause Publications titles.

Krause Publications was sold in 2002 to F+W. The proceeds went to the employees.

Mr. Krause's sense of duty pushed him in 2007 to run for the American Numismatic Association board of governors with a slate of like-minded hobbyists. Their goal was reform. He was 83 when the ballots were counted. He stepped down as soon as the reforms took root.

From his personal office on Main Street he oversaw his community and charitable interests.

He stopped going to the office just weeks before his death from congestive heart failure.

The funeral will be held at 2 p.m. July 1 at the Iola-Scandinavia High School Gymnasium.

Visitation will be at the same location from 11:30 a.m. until the time of the service.

Memorials may be given in memory of Chester, to Childrens Hospital of Wisconsin, 9000 W. Wisconsin Ave, Milwaukee, WI 53226, or to the Rawhide Boys Ranch, E7475 Rawhide Road, New London, WI 54961.

Thank you Mr. Chet Krause.

My condolences to the family.

Source: numismaster.com
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Wednesday, June 22, 2016

Rumours: 60 years Merdeka notes designs

Generally speaking, all collectors already read the news about BNM Design Competition for 2017 Commemorative Banknotes.

BNM has conducted two briefing sessions on 16 June (Thursday) and 17 June 2016 (Friday) at Theatrette, Muzium dan Galeri Seni, Sasana Kijang, Bank Negara Malaysia.

60 years Merdeka

Many local designer don't know they must come to the briefing sessions to know what kind of banknotes they will be designing. BNM don't stated in their statement that it is necessary to go to any of the briefing sessions. I am not sure if only people who go to the briefing sessions are allowed to join the competition.

From the information we received, BNM distributed a CD cointaning information, rules and regulation about the competition during briefing sessions on 16 and 17 June.

If any of you local designer who don't go to the briefing session, you might want to try to contact the persons who are in charge of the competition (you can get their contact in my earlier post). Maybe they can give you the CD. If they can't give you any information, you need to find any of your friends who attend the briefing to know the competition guidelines.

The 60 years Merdeka commemorative banknote will be in two denomination and sizes, RM60 and RM600 banknotes. You can also make a design for a vertical or normal banknotes. The RM60 banknote will be a bit bigger then the current RM50 baknnotes and the RM600 banknote will be the biggest Malaysia banknote in history.

We heard the main theme is Yang di-Pertuan Agong, 15 Yang di-Pertuan Agong faces maybe will be on the banknotes.

The submission deadline is on 5 August 2016, the competition winners announcement will be on October 2016. The commemorative banknote will be on sale one month before Merdeka 2017.

However, this is just a rumors since they're no official announcement about the banknote designs by BNM.

Anyone of you go to the briefing sessions? Can you share the information with us?
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